Is Scaggsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Scaggsville has remained a Seller's Market.
Housing Prices in Scaggsville, MD
How much do homes in Scaggsville, MD cost?
Median Sold Price
$535,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Scaggsville was $535,000 in March 2024, up 1.9% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $195K | N/A |
2 Bedrooms | $270K | $323.2K | +19.7% |
3 Bedrooms | $400.5K | $452.5K | +13.0% |
4 Bedrooms | $625K | $653K | +4.5% |
5+ Bedrooms | $837.5K | $769.5K | -8.1% |
Summary: Scaggsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Neighborhoods
North Laurel | $427.5K | $485K | +13.5% |
Columbia | $427.7K | $463.2K | +8.3% |
Savage | $450K | $470K | +4.4% |
Scaggsville | $525K | $535K | +1.9% |
Fulton | $870K | $825K | -5.2% |
Housing Supply in Scaggsville, MD
How many homes are available in Scaggsville, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 63 | +5.0% |
Summary: The Scaggsville real estate market had 63 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Scaggsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Scaggsville in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 7% were sold under asking, 29% were sold at asking, and 64% were sold over asking.
Days on Market for Scaggsville, MD
How long does it take to sell a home in Scaggsville, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 16 Days | +163.4% |
Summary: Homes in Scaggsville had an average of 16 days on market in Mar 2024, up by 163.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Scaggsville; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.